Binance, the biggest exchange by trade volumes, has just announced support for purchasing Ripple's XRP along with Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) by binding Visa debit/credit cards.
For now, the Malta-based exchange only supports those countries that belong to the European Economic Area (EEA).
Vladislav SopovAfter initially allowing its users to add new Visa cards, Binance claims that it will also support Mastercard, another leader in the global payment sphere. On top of that, the exchange will also add additional cryptocurrencies that can be bought directly with your credit card.
Binance introduced an option that lets users purchase Bitcoin, XRP and other digital assets with credit cards thorough Israel-based payment provider Simplex back in January. That was the first step for developing the exchange's fiat gateways. The big difference is that users can now add their debit/credit cards directly without relying on the third-party company.
As reported by U.Today, Binance also recently increased the number of trading pairs for the Turkish Lira (ETH/TRY, XRP/TRY, USDT/TRY). Apart from the Turkish Lira, the exchange currently supports a bevy of other fiat currencies, including the Euro and the Russian Ruble.
Vladislav Sopov
Dan Burgin